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Learn about Kanohar Electricals Limited’s IPO journey, including its Draft Red Herring Prospectus filing, business operations, financial context, and the proposed utilisation of funds as outlined in public disclosures.
Kanohar Electricals Limited, a Meerut-based power equipment manufacturer, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a proposed initial public offering. The company specialises in the design, manufacturing, and testing of power transformers, catering to important sectors such as power transmission, renewable energy, and industrial clients.
The DRHP provides an overview of the proposed IPO and sets out the company’s financials, governance framework, and business outlook.
Kanohar Electricals Limited filed its Draft Red Herring Prospectus (DRHP) with SEBI on 23 January 2026, with the filing reflected on SEBI’s public issues portal on 28 January 2026. The IPO proposes to raise funds through a combination of fresh issue and offer for sale (OFS).
The proposed IPO is expected to comprise the following components as per the DRHP:
| Particulars | Details |
|---|---|
Issue Type |
Fresh Issue of Equity Shares (100% fresh issue) and Offer for Sale (OFS) |
Face Value |
₹2 per equity share |
Issue Size |
₹300 crore (₹3,000 million) (includes fresh issue and OFS) |
Offer for Sale (OFS) |
1.45–1.459 crore equity shares by promoter K Sons Family Trust |
Pre-IPO Placement (if undertaken) |
Up to ₹60 crore (if pre-IPO placement occurs, the fresh issue size will be reduced accordingly) |
Proposed Listing |
NSE and BSE |
Price Band |
To be announced in the Red Herring Prospectus (RHP) |
Book Running Lead Manager |
To be announced in RHP |
Registrar to the Issue |
To be announced in RHP |
These details reflect indicative disclosures available at the DRHP stage and are subject to change based on SEBI observations and final approvals.
Kanohar Electricals Limited is a leading transformer manufacturer based in Meerut, Uttar Pradesh. The company specialises in the design, engineering, manufacturing, testing, and supply of power transformers and related equipment. Its offerings cater to various industries including power transmission and distribution utilities, renewable energy, railways, and industrial customers. The company operates through two primary segments:
Transformer Manufacturing Business
EPC (Engineering, Procurement, and Construction) Services, primarily for power infrastructure projects
The company runs manufacturing facilities in Rithani (Meerut) and Gangol (Uttar Pradesh), with a focus on enhancing backward integration and automating processes. As of September 30, 2025, Kanohar Electricals was one of only five companies in India to hold short-circuit test certification for 500 MVA, 400 kV transformers, positioning itself as a leader in high-rating transformers for the power sector.
The proceeds from the fresh issue of equity shares will be primarily used for:
| Fund Allocation | Amount (₹ crore) | Purpose |
|---|---|---|
Incremental Working Capital |
130 |
To support working capital requirements, including higher inventories, receivables, and project execution cycles. |
Capital Expenditure |
66.74 |
For enhancing manufacturing facilities, including purchasing new machinery, expanding backward integration at the Gangol facility, building infrastructure, and adding solar power plants for sustainability. |
General Corporate Purposes |
Balance |
To strengthen systems, business development, and other corporate requirements. |
The OFS component will allow the promoter K Sons Family Trust to partially divest its stake and provide liquidity post-listing, helping to diversify the shareholding base.
The DRHP provides an overview of Kanohar Electricals Limited’s financial performance in recent years, highlighting its revenue growth, profitability trends, and operational scale within the transformer manufacturing and EPC services sectors.
Below is a snapshot of key financial metrics based on available public disclosures:
| Fiscal Year | Revenue from Operations (₹ Cr) | Profit After Tax (₹ Cr) | Notes |
|---|---|---|---|
FY2024 |
₹276.6–276.7 |
₹17.8 |
Baseline year |
FY2025 |
₹450.6 |
₹65.1 |
~62.9% revenue growth, ~267% PAT growth |
H1 FY2026 |
₹165.5 |
₹30.6–30.67 |
Strong margins and continued profitability |
*Detailed year-wise financial statements, including audited figures, are available in the DRHP and should be referred to for complete financial information.
The table below summarises the current status of the IPO process based on publicly available information.
| Milestone / Stage | Date (or Status) | Details |
|---|---|---|
DRHP filed with SEBI |
23 January 2026 |
Kanohar Electricals IPO DRHP filed with SEBI for ₹300 crore IPO and OFS of up to 1.45 crore shares |
DRHP disclosed on SEBI website |
28 January 2026 |
DRHP made available under “Draft Offer Documents filed with SEBI” |
SEBI observations |
Awaited |
DRHP under SEBI review; observations will precede RHP filing |
Pre-IPO placement (if undertaken) |
Up to ₹60 crore |
Fresh issue size will be reduced if pre-IPO placement occurs |
Filing of Red Herring Prospectus (RHP) |
To be announced |
Post-SEBI observations, the RHP with detailed price band and schedule |
IPO Opening Date |
Not yet announced |
Bidding dates will be announced once approvals are in place |
IPO Closing Date |
To be announced |
To be declared in RHP |
Listing on NSE/BSE |
To be announced |
Equity shares to be listed on both exchanges upon completion of allotment |
Note: Investors should refer to official filings for final IPO dates to learn more about Kanohar Electricals Limited IPO listing details and price, and listing timelines.
Check other upcoming ipo’s here : Upcoming IPO
This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
Kanohar Electricals Limited filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India on 23 January 2026, formally initiating the regulatory process for its proposed initial public offering in the Indian capital markets.
The Kanohar Electricals Limited IPO is structured as a combination of a fresh issue of equity shares aggregating up to approximately ₹300 Crores and an offer for sale of about 1.45–1.459 Crore equity shares by existing shareholders.
Kanohar Electricals Limited intends to utilise the proceeds from the fresh issue primarily for funding working capital requirements of around ₹130 Crores, capital expenditure of approximately ₹66.74 Crores, and for general corporate purposes supporting business growth.
Kanohar Electricals Limited operates as a power equipment manufacturer specialising in power transformers and providing engineering, procurement, and construction solutions for power infrastructure projects serving utilities, renewable energy developers, railways, and diverse industrial customers.
Subject to obtaining necessary regulatory approvals, the equity shares of Kanohar Electricals Limited are proposed to be listed on both the National Stock Exchange and the Bombay Stock Exchange to facilitate public trading and investor liquidity.
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